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Axios on MSN10d
Johnson offers $40,000 SALT deduction cap with income limits
House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for ...
Some homeowners could get a fat deduction under the new GOP tax bill. Here's what to know.
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
NerdWallet on MSN5h
Tax Deductions Might Go Up. Would You Benefit?
House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...
InvestmentNews8d
Will 'new flavor' tax bill with extra SALT get the deal done?
The new version of the Trump tax bill would raise the state and local tax deduction cap to $40,000, in an effort win over a ...
Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Who benefits most from the state and local tax deduction and why raising the cap is contentious
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
Johnson, SALT Republicans zero in on critical agreement
Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...
Next test for higher SALT cap: Republican resistance in the Senate
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
Trump Loses Patience With SALT Demand as Tax Bill Faces Snag
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction ...